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Grain companies are investing about $2 billion to expand canola crush capacity in Western Canada, with demand for biodiesel and renewable diesel in North America projected to exceed 17 billion litres by 2030. Industry officials say farmers will need higher canola productivity to supply the new plants.
Expanding crush capacity and biofuel-driven demand should lift long-term canola seed demand and support prices, while more domestic crush increases canola meal output.
grainews.caMark HalsallOct 27, 2022Not enough comparable past events yet for a historical read.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
